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Results (3,809+)
James Syed Multifamily Killeen, Texas
18 February 2022 | 41 replies
I'm an investor looking to buy and hold and possibly make my first investment in this market.It looks like fourplexes currently on the market in NW Killeen (76549 zip code) right now are asking a avg/median price of $225,000 with an estimated monthly rental income of $2,300 (assuming two units are 3/2 and two are 2/1.5, with estimated rents of $600 and $500 respectively) -- i.e. they precisely meet the 1% rule.Also based on my estimates, it looks like the cap rates for these fourplexes is generally around 7%.Assuming a 90% vacancy rate, 10% for property management and 1.5% of PP per year for repairs/capex (~$3,200), I'm projecting an 11-17% IRR on a 25% down conventional financing at these asking prices, which is attractive for me.Can anyone give me some feedback on my assumptions (e.g. projected rents, vacancy rates, repairs/capex budget) and pour cold water on my projections?
Mindy Jensen What do you budget for reserves and CapEx?
13 June 2019 | 58 replies
That is the precise play.A few other people mentioned they keep enough around for any hit and I agree with that too.I think the reserve study is a better option when considering a purchase (or marketing a sale).
Doniel Winter LegalZoom or RocketLawyer etc for a living trust.
17 February 2024 | 1 reply
LegalZoom is $299 and RocketLawyer is free (already subscribed).Based on the set-up questions LegalZoom seems more succinct/precise for a trust with a single asset.
Logan M. Three little known truths about Mobile Home Parks
2 February 2024 | 17 replies
Precise and straight to the point.When structuring your seller finance deals for the tenants, what terms are you offering to them?
Zach Ballou Wood Walls in a flip????? What to do?
14 July 2018 | 14 replies
"Maybe" if you are precise enough with the cuts calk would fill the gap, but that's a maybe. 
Tereal Wilsonn Understanding the mortgage system
27 September 2013 | 3 replies
The reality though, is that there are many places for the information to not be precisely correct in the application to loan process.
Account Closed ​What show you how to make it a late bid place
13 April 2015 | 0 replies
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Eric Kang Where is the best location to purchase buy & hold rentals?
3 March 2016 | 76 replies
An out of state absentee owner is precisely what you are considering becoming, so consider this question carefully ...
Veronica V. Need advice on Trustee Sale from HOA lien holder, (California, Los Angeles County).
15 July 2013 | 8 replies
The option B or C seems to meet your needs more precisely....
Alex Peau What happens if... (subject-to question)
25 October 2013 | 11 replies
@Jon Holdman Precisely!